TPG Wins Abengoa’s Brazil Transmission Assets For Over $540M


U.S. buyout firm TPG Capital Management LP won an auction for the Brazilian power transmission assets of Spain’s Abengoa SA, a person familiar with matter said on Wednesday.

TPG agreed to pay 482 million reais ($146 million) in cash and to take on 1.3 billion reais ($393 million) of Abengoa’s debts, according to the person, who asked not to be named because the results of the auction were confidential.


It's on us. Share your news here.

Submit your stories and articles to citybizlist today.